I usually don't have a set budget... it just all depends on what gift ideas pop into my mind each year. I sock money away from each paycheck through the year and usually end up with about $1500 to spend on both daughters. Some years I stay under that, some I got a little over.
This year, it's definitely going to be an "over" year. But I'm not fretting about it. I've been a single mom for 4 years now with absolutely no help from their dad (unable to contribute, long story I'm not going to go into)... But I work hard for my money being an RN, and Christmas time is when I like to spoil my daughters.
So this year, younger daughter (freshman in HS) is going to get a MacBook 12 inch, that she'll be able to use at school. And she'll get some accessories for it to go along with that. And I've gotten her a couple pretty candle holders and will get her a giftcard to bath&body works because she loves that place.
Older daughter (Junior in HS) is getting a ticket to go see Hamilton in Chicago. We're going to make it a family weekender trip with my mom, but just older dd and I will be seeing the show.
I cannot wait for her to get that one, cause she is going to flip, lol. Even though the WOW factor on the MacBook and the ticket will be the same, I'm going to get older dd more gifts due to the price difference being so dramatic.
I try to stick with similar budget between the 2 of them, but this year it won't be quite so easy. The MacBook is going to cost about $1200, where the Hamilton ticket was only about $250. The trip cost will be on top of the of course, but I don't really count that as part of her gift since it's all of us going. So I'm planning on spending at least a couple hundred more dollars on her and calling it even. Just trying to figure out another fairly big gift for her, which could be difficult, lol.
Then their birthdays are within a couple weeks of Christmas too... they've both been asking to do a DNA test (I did one for myself, which got them interested in themselves), so thinking of either doing that for each of them at a cost of about $75... or making a giftcard tree with $5-$10 gift cards to multiple local places that they like to frequent for a cost of about $75-100 each.
But anyways, overall between Christmas and birthdays, I'll probably be spending about $2000 for both of them.